SIAEC, Air India Group ink inventory technical management agreement
The 12-year deal offers Air India extensive Airbus A320 fleet support.
Air India Group has tapped SIA Engineering Company (SIAEC) to provide extensive component support coverage for its current Airbus A320 family aircraft fleet.
Under the 12-year deal, SIAEC will also provide repair and overhaul services for airframe and on-wing engine components of Air India’s Airbus A320 family aircraft fleet.
The deal will not have a material impact on the net tangible assets per share or the earnings per share of the SIAEC Group for the financial year ending 31 March 2024.